DOWNLOAD BROCHURE
Sale
Freestanding Building with Income
40901 Hayes Rd
Sterling Heights, Michigan
Sterling Heights, Michigan
eCode:1001
Property Type
Freestanding
Sales Price
$1,449,000.00 ($134/PSF)
Property Taxes
$24,824.06
Building Size
10,804 SF
Lot Size
2.44 AC
Lot Dimensions
204’ FT Frontage
599’ FT Depth
Available Space
10,804 SF
Zoning
R-60 (One family residential)
Gross Leasable Area
10,804 SF
Tenant Roster
- Academy 4 Lil’ Angels
Traffic Count
Hayes Rd (26,896 CPD)
18 Mile Rd (7,631 CPD)
Highlights
- Excellent visibility and access along Hayes Road
- Modern construction, built in 2007
- Situated within a densely populated residential area
- Under market rents in place
- Tenant has been there 16 Years, since 2009
- Recently extended for 5 Years in June 2024
- Currently no option period beyond 2029
- Cap rate towards the last years of the lease becomes a 7.4% return
| Radius | 1 Mile | 3 MIle | 5 Mile |
| Population Density | 16,459 | 108,751 | 283,184 |
| Household Income | $116,008 | $104,762 | $103,113 |
| Daytime Pop | 2,309 | 35,213 | 113,381 |
